Small businesses must now pay duties on low-value goods they could previously source inexpensively from China and elsewhere.
Homes in neighborhoods with access to top schools tend to cost significantly more than a typical home in the surrounding area.
It’s important for heirs to consider how a windfall might be used to strengthen their finances now and over the long term.
Homeownership can still be an attainable goal, but it may take more planning, flexibility, and creativity than it did in the past.